On June 3, Petroleo Brasileiro SA (ADR) (NYSE:PBR) is set to reverse two years of output declines as it starts tapping the biggest group of oil discoveries this century. Halting its five- year share slide probably will take longer. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) ended up at $14.76 with day range of $14.32 – $14.77 in last trading. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock performance was 2.57% in last session and finished the day at $15.14. Traded volume was 21.43million shares in the last session and the average volume of the stock remained 24.66million shares. The beta of the stock remained 1.73.
Halliburton Company (NYSE:HAL) first quarter results for 2014 exhibited modest growth for the company. Halliburton posted an approximate 5.4% increase in revenue, relative to the first quarter of 2013, “mainly due to increased activity in the Eastern Hemisphere and higher production enhancement activity in the United States land market, partially offset by lower activity levels in Latin America” (p. 18). Net income of $622 Million is up significantly from last year’s first quarter loss of $18 Million. Halliburton Company (NYSE:HAL) rose 0.28 percent to $67.17 Monday on volume of 5.23million shares. The intra-day range of the stock was $66.62 to $67.32. Halliburton Company (NYSE:HAL) has a market capitalization of $56.73billion.
Peabody Energy Corporation (NYSE:BTU)’s stock was downgraded to Neutral from Buy at Goldman on June 6 downgraded shares due lower international thermal coal and met prices. Price target lowered to $15 from $21. Peabody Energy Corporation (NYSE:BTU)’s stock on June 09, 2014 reported a increase of 1.04% to the closing price of $16.51. Its fifty two weeks range is $14.34 -$21.28. The total market capitalization recorded $4.48billion. The overall volume in the last trading session was 5.06million shares. In its share capital, BTU has 271.32million outstanding shares.
Analysts at Macquarie started coverage on shares of Schlumberger Limited. (NYSE:SLB) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $119.00 price target on the stock. Macquarie’s price objective would indicate a potential upside of 14.52% from the company’s current price. On Monday, shares of Schlumberger Limited. (NYSE:SLB) advanced 0.69% to close the day at $106.72. Company return on investment (ROI) is 13.70% and its monthly performance is recorded as 6.84%. Schlumberger Limited. (NYSE:SLB) quarterly revenue growth is 15.36%.
Aubrey McClendon’s firm American Energy Partners LLP on Monday said it plans to buy shale oil and gas assets for $4.25 billion, the former Chesapeake Energy Corp CEO’s biggest deal package yet in an aggressive bid to build a new company. In prior deals, American Energy has agreed to buy acreage from Hess Corp, Exxon Mobil Corp (NYSE:XOM) and privately held Paloma Partners this year. Exxon Mobil Corporation (NYSE:XOM) stock performance was -0.08% in last session and finished the day at $101.52. Traded volume was 6.40million shares in the last session and the average volume of the stock remained 10.24million shares. The beta of the stock remained 0.80. Exxon Mobil Corporation (NYSE:XOM) insider ownership is 0.10%.